FSB intervenes, the mining farm becomes ruins. Stealing electricity to mine is ultimately a dangerous game.

View Original
MeNews
Seized 10k mining machines, an illegal mining farm in the Ural region of Russia involved in electricity cost losses of nearly 1 billion rubles.
A large illegal cryptocurrency mining farm was uncovered in Nizhny Tagil and the nearby Kushva District of Sverdlovsk Oblast, Russia. Hidden in an abandoned industrial park, it had deployed about 10,000 mining rigs. The FSB, the police, and a power company jointly carried out the crackdown, and three suspects have been placed under house arrest and are being investigated. The mining operation had been using electricity in violation of regulations for a long time, resulting in losses of nearly 1 billion rubles (about $12.7 million). Investigators found that it had accessed the power grid through intermediaries and tampered with electricity meters, with actual electricity consumption about twice the approved quota. Those involved could face up to 5 years in prison.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned